Tax on Credit note is not adjusted while paying in GSTR-3B
This query is : Resolved
Quick Summary
rajat agarwal
(Querist)
21 March 2022
In the current month there was credit note worth (-)10,000 and IGST of (-) 1,800 and there is no other IGST (B2B or B2C) amount. Another B2B Sale is of 20,000 CGST 1800 SGST 1800
Thus the Total GSTR-1 Figure is IGST -1,800, CGST 1,800, SGST 1,800.
But while filing the GSTR-3B there is no way to feed negative figure in any of the field so there has been a payment of 3,600 (As in GSTR-1 CGST 1800 SGST 1800) the Credit note figure of IGST -1,800 is not adjusted.
How can we rectify the excess payment of Tax.
Thus the Total GSTR-1 Figure is IGST -1,800, CGST 1,800, SGST 1,800.
But while filing the GSTR-3B there is no way to feed negative figure in any of the field so there has been a payment of 3,600 (As in GSTR-1 CGST 1800 SGST 1800) the Credit note figure of IGST -1,800 is not adjusted.
How can we rectify the excess payment of Tax.
CA R SEETHARAMAN
(Expert)
21 March 2022
No rectification possible. Enter credit note in GSTR 1. Adjust the credit note in the month in which IGST is payable wait for it.
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rajat agarwal
(Querist)
21 March 2022
Sir can we reduce the amount of IGST liability by 1,800 to give effect to the value of IGST of that credit note in the coming month ?
CA R SEETHARAMAN
(Expert)
21 March 2022
Yes you are right...........
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